NOW FOR SALE: 3634 – 3642 Jeannine Drive. This is an exceptional investor or user opportunity. The Jeannine Center is a small retail strip center located near Academy & Austin Bluffs. There are 5 rental units all paying below market rents. All leases are purposefully month-to-month with long-term tenants who all wish to remain in tenancy.
The building is 8,100 SF on 25,000 SF of C5 CR zoned land. Each unit has a retail style front area and a rear overhead door. The tenants are a steady mix of mom & pop business with track records of consistent rent payment.
The roof is in the process of a hail loss insurance claim and four of the five RTUs were just replaced. There is no know other expected capital improvements anticipated.
The asking price: $850,000
The NOI: $45,000
The CAP Rate: 5%
For a private showing and the confidential financial information, call Tim Leigh 719-337-9551 or Holly Trinidad 719-337-0999